Form 4: Tactile Systems Technology CFO Sells Shares to Cover Taxes

Elaine M. Birkemeyer, CFO of Tactile Systems Technology, sold 3,041 shares of common stock on May 16, 2024, to cover taxes associated with the settlement of stock units.

Summary

• Elaine M. Birkemeyer, the Chief Financial Officer of Tactile Systems Technology Inc. (TCMD), reported a transaction involving the sale of company stock.
• On May 16, 2024, Birkemeyer sold 3,041 shares of common stock at a weighted average price of $13.6763 per share.
• The sale was executed to cover taxes associated with the settlement of stock units.
• Following the transaction, Birkemeyer still beneficially owns 61,295 shares of Tactile Systems Technology Inc.
• The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't inherently indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are routine and provide transparency into the transactions of company insiders. This sale is related to tax obligations and doesn't necessarily indicate a change in the CFO's confidence in the company.

Key Dates